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"I am talking about a continuation of the kind of positive disruption that has already taken hold in Colombia, and which is rapidly changing the financial landscape."

The same day, Mineros also filed with the Colombian Superintendence of Finance a preliminary prospectus in respect of a concurrent public offering in Colombia of common shares for gross proceeds of up to $10 million USD.

As ratings agency Standard & Poor lowered Colombia's sovereign currency rating from investment grade into junk status, two government development banks and one commercial bank also took the hit. Findeter, FDN & Banco Davivienda al saw credit ratings drop out of investment grade,...

Moody's changed to negative, from stable, the outlook on Bancolombia's ratings, while it maintained the negative rating outlook on Banco de Bogota and Davivienda. These actions follow the change in outlook to negative, from stable, on the Government of Colombia's Baa2 government...

Bancolombia topped the rankings in 2017, but fell one spot to second place in this year's Merco report.

Davivienda will use the funds to provide financing for mortgage loans within Colombia's VIS and VIP programs.

The revision reflects Davivienda's “resilient and stable financial performance that has proven effective and consistent during periods of market turmoil."

Select startups will receive mentorship, a spot in the Google Developers Launchpad program, and the chance to pitch their business to around 30 investors.

Davivienda's 433 billion pesos in green bonds, with a 10-year term, have been acquired entirely by the International Finance Corporation.

The City of Bogotá controlled telecommunications company, Empresas Telefonicas de Bogotá (ETB) (BVC:ETB) has seated a newly formed board of directors that, in their first meeting, elected Jorge Castellanos Rueda (above) as the new president. In Colombia, it is common for...